Japan's JBIC, SMBC provide finance for Angola-Brazil underwater cable

March 31, 2016 8:48 AM

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LUANDA, March 31 The Japan Bank for International Cooperation (JBIC) said on Thursday it had signed a loan agreement with Angola's state-run development bank to finance the construction of an optical submarine cable system between Angola and Brazil.

"This project will lay the world's first optical submarine cable across the South Atlantic, directly linking the African continent to South America," JBIC said in a statement.